In the week-ending 28 June 2013 the International Securities Lending Association said the hedge fund industry will attract larger pools of institutional and retail investors.
Paul Conway raised $60m to launch a hedge fund that would invest in U.S.-listed, Chinese companies, Reuters reported; former Bank of America trader Iftikhar Ali launched his own credit hedge fund, a source close to him has confirmed; Hedge Fund Intelligence reported that former Kingdon financials portfolio manager Geoff Swerdlin was planning to launch a hedge fund; and developer of exchange traded products VelocityShares announced the launch of two long/ short volatility strategy exchange traded funds.
The Parker FX Index reported a +0.74% gain for May (+1.72% YTD);
And the Scotiabank’s Canadian hedge fund index was down 0.08% in May (+7.93% YTD).
Latest data from Preqin showed that even-driven hedge funds were the top performers so far in with +2.10% gains in May (+7.60% YTD); Ray Dalio’s Bridgewater All Weather Fund underperformed in the first six months of the year and was down 6% in June (-8% YTD), according to Reuters; Cantab Capital’s flagship fund dropped 14% in June as bonds and......................
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